December 2018
Finding the right fit to improve productivity & profitability
Buckets are one of the most commonly used attachments for compact equipment, specifically compact track loaders and skid-steer loaders. And while a bucket may seem like a one-size-fits-all attachment, there are many types to choose from, depending on your application. Working with the right bucket...
Turbocharge your business development while adhering to data-protection regulations
Historically, many companies have invested large sums of money to purchase customer lists from database and marketing companies before beginning the long process of importing those contacts into a customer relationship management (CRM) system. Then ensued the cold-call campaign, which has since...
How the predictive-cost model is transforming construction
Preconstruction planning is one of the most challenging aspects of the construction life cycle, and it has been for quite some time. But that’s all changing, in part due to data science and the predictive-cost model. Conventionally, business owners, facility managers and construction...
The true meaning of malicious
As businesses become increasingly reliant on technology, they are exposed to cyberrisk, regulatory oversight and, potentially, liability for their employees’, clients’ and business partners’ data violations. New tools and technologies help contractors manage data, control systems and deliver...
Today’s economic trends & the part they play in shaping your success
The construction industry continues to gain momentum as 2018 comes to a close. Backlogs are generally substantial, but recent trends have indicated that the release of work into production is somewhat unpredictable and is subject to delayed starts. This trend is likely to continue due to a number...
How a cloud-based ERP solution could save your bottom line
Construction owners must constantly evaluate the best use of their resources for benefitting customers and initiating and sustaining business growth. This system of ongoing evaluation often includes making difficult decisions while balancing the funding of equipment, people, physical expansion,...
Dissecting the differences of this jobsite necessity
When it comes to scissor lifts, there are several factors to consider before you can decide which machine is best for your particular application. What’s your budget? At what height do you need to work? Will you be working inside, outside or both? Will you have access to a power source for charging...
What’s new in licensing & how it could affect your growing business
For contractors operating in multiple states, keeping up with changes in licensing requirements and the administrative preferences of licensing boards can be a challenge. To help your teams stay ahead of the game and ensure compliance, you must stay abreast of new laws and amendments. The following...
Start planning now for a slowdown
Over the last 5 years, many contractors have seen their revenue grow as much as 40 percent, paving a path toward continued business growth throughout the industry. According to the latest Construction Financial Management Association’s (CFMA) national member survey, net profit percentages for...
Accelerating your business's adoption in 2019
After decades of lagging technical adoption, the construction industry is working hard to forge a new digital identity. Over the last 2 years, a combination of internal and external forces has driven contractors to experiment with and embrace technology like never before, including increased demand...
2,000 industry professionals convene to talk trends & tackle emerging risks
The International Risk Management Institute Inc. (IRMI) held its 38th Construction Risk Conference (CRC) November 4-7 at the Marriott Marquis in Houston, Texas. The CRC hosted over 2,000 construction and risk professionals, along with industry thought leaders to talk trends and tackle emerging...
Examining the phase between substantial completion & final acceptance
On just about every project in the built world, an interesting phenomenon occurs: The line between substantial completion (a legal term used to define the moment a project is sufficiently complete per the contract documents) and final acceptance (the actual moment a project is truly complete)...
Advice from 3 construction experts on what to watch in the year ahead
Scott Arias, Ph.D. Program Coordinator and Assistant Professor, Eastern Kentucky University President, ACE Consulting Company Factoring in the growth in construction throughout 2018, the labor shortage will become a larger issue in 2019. With a lack of skilled laborers, such as masons and...
Sachse Construction’s tactical approach to modernizing operations with technology
The world around us continues to evolve as new technologies are developed, and contractors are under increasing pressure to digitize and modernize their own operations to keep pace with client demands. Cloud computing, mobile devices and apps, sophisticated and integrated construction management...
The end user's wants & needs are ever-evolving, & specialty contractors must adapt
When large, big-box chain stores were being built during the 1980s and 1990s, breaking into the business was a relatively straightforward enterprise for smaller construction firms hoping to expand. While that pioneering spirit is still needed today to succeed, the digital age has dramatically...
AIA Architectural Billings Index, Annual Value Update & more
The Construction Business Owner team compiles statistics from multiple sources each month, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The statistics...